Medical Connections Announces Asset Purchase Agreement with Medical Staffing Direct
May 28 2009 - 4:20PM
Business Wire
Medical Connections Holdings, Inc. (OTC Bulletin Board:
MCTH), one of the nation�s fastest growing healthcare staffing
companies specializing in allied health, nurse and physician
staffing and recruiting services, announced it has closed an asset
purchase agreement with Medical Staffing Direct (MSD), formerly a
Florida based staffing company.
Medical Staffing Direct previously operated as a provider of
per-diem nurse staffing for large national hospital clients. MSD�s
core business was conducted in the Florida and New York markets.
The assets include hospital contracts and industry relationships,
which include several key MSD directors that will assist Medical
Connections in future relationships with national clients. MSD
conducted approximately six million dollars in annual revenue
during its last year in business.
Mr. Anthony Nicolosi, President of Medical Connections, stated,
�This closing will bring us valuable business relationships. This
transaction provides us with a future foothold in the New York
market which is a tough market to break into. As I stated earlier,
this will be the first of many acquisitions.�
Mr. Nicolosi continued, �A large percentage of MSD�s investors
are clients of GunnAllen Financial, a full service brokerage and
investment banking firm based in Tampa, Florida.�
Medical Connections, Inc., our wholly owned subsidiary,
is an early stage national provider of medical recruitment and
staffing services. Established in 2002 to satisfy the increasing
need for highly qualified healthcare professionals, the Company�s
business is to identify, select and place healthcare specialists;
including nurses, pharmacists, physicians and hospital management
executives. The Company provides recruiting and staffing services
for permanent and contract positions, leaving options for both
clients and candidates to decide the optimal formula for working
together.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this report
reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward-looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking
statements. Actual results could differ materially from those
projected in the forward-looking statements, as a result of either
the matters set forth or incorporated in this report generally or
certain economic and business factors, some of which may be beyond
the control of Medical Connections. These factors include adverse
economic conditions, entry of new and stronger competitors,
inadequate capital to support our operations, projections of
revenues and profitability. Readers are urged not to place undue
reliance on these forward-looking statements which speak only as of
the date of this press release. We undertake no obligation to
revise or update any forward-looking statements in order to reflect
any event or circumstance that may arise after the date of the
press release.
Medical Connections (CE) (USOTC:MCTH)
Historical Stock Chart
From Oct 2024 to Nov 2024
Medical Connections (CE) (USOTC:MCTH)
Historical Stock Chart
From Nov 2023 to Nov 2024